Question

Sanjana took goods for personal use journal entry

Answer 1

Drawings A/c -Dr

To sanjana

Answer 2

Drawing A/C DR.______

To Sanjana.  

Journal entry is used in accounting that collects all the data of transaction for a particular organization. It shows a organization’s credit and debit balance. It has many recordings that can be either debit of money or credit of money. For a balanced journal entry, total debit should be equal to the total credit, if it’s not journal entry will be unbalanced. It helps the organization to keep the record of financial stuff.